India’s Russian Crude Imports Hit Record in Jun Even as Moscow’s Oil Revenues Slip

India’s imports of Russian crude oil surged to a record high in June, rising 34% from the previous month despite a decline in Russia’s overall oil export revenues, according to a report by the Centre for Research on Energy and Clean Air (CREA). India bought Russian crude worth EUR 4.5 billion in June, accounting for 83% of its total Russian fossil fuel imports of EUR 5.5 billion, making it the second-largest buyer of Russian hydrocarbons after China, the report said. The sharp increase came as India’s overall crude imports rose 5.4% month-on-month, with Russian supplies to key refineries posting steep…